Japan’s Biggest Trading Houses Rise in Declining Market. Berkshire Hathaway CEO Warren Buffett said in his annual letter that he plans to increase his investments in Japanese companies
Japan’s five largest trading houses rose in trading on February 25 after Berkshire Hathaway CEO Warren Buffett expressed his desire to increase his stake in Japanese sogo shosha in a letter to shareholders over the weekend.
The day’s highs were as follows:
- Mitsubishi Corporation: +9.41%, to 2,604.5 yen ($17.4);
- Marubeni: +8.82%, to 2,491.5 yen ($16.6);
- Itochu: +7.43%, to 6,597 yen ($44);
- Mitsui: +5.48%, to 2,865.5 yen ($19);
- Sumitomo: +0.13%, to 3890 yen ($26).
At the same time, the Topix stock index closed down 0.43% on February 25, to 2724.7 points.
